Similarweb Ltd. (NYSE:SMWB) Shares Acquired by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. grew its holdings in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 375,000 shares of the company's stock after purchasing an additional 50,000 shares during the period. Alyeska Investment Group L.P. owned approximately 0.46% of Similarweb worth $5,314,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SMWB. Barclays PLC grew its holdings in Similarweb by 201.0% during the third quarter. Barclays PLC now owns 15,414 shares of the company's stock worth $136,000 after acquiring an additional 10,293 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Similarweb by 147.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,539 shares of the company's stock worth $1,516,000 after purchasing an additional 102,192 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Similarweb in the 4th quarter valued at about $154,000. Heck Capital Advisors LLC acquired a new stake in shares of Similarweb in the fourth quarter valued at about $115,000. Finally, Jennison Associates LLC purchased a new stake in Similarweb during the fourth quarter worth about $26,059,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Trading Up 3.0 %

Shares of Similarweb stock traded up $0.22 during mid-day trading on Friday, hitting $7.66. 461,055 shares of the stock were exchanged, compared to its average volume of 400,609. The company has a 50-day simple moving average of $7.91 and a 200 day simple moving average of $11.15. The stock has a market capitalization of $632.86 million, a price-to-earnings ratio of -54.71 and a beta of 1.13. Similarweb Ltd. has a twelve month low of $5.71 and a twelve month high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative return on equity of 47.62% and a negative net margin of 4.58%. Equities research analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SMWB. Jefferies Financial Group lifted their price target on shares of Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 price objective on shares of Similarweb in a report on Thursday, February 13th. The Goldman Sachs Group lowered their target price on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Citigroup boosted their price objective on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, JMP Securities restated a "market outperform" rating and set a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $15.75.

Similarweb Company Profile

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.